Health savings accounts (HSAs) are now more popular than ever. According to a recent survey, the number of HSAs has surpassed 21 million, and the accounts now hold about $42.7 billion in assets. Here’s a very tight summary of how the HSA works for you: Deduct the health insurance cost. To enable the HSA, your…
Claim a Tax Credit for Sending Your Child to Camp
You may be able to claim the child and dependent care credit if you pay expenses for the care of your under-age-13 child or another qualifying person to enable you (and your spouse, if filing a joint return) to work or look for work. The tax credit is a percentage of the work-related expenses you…